FILE PHOTO: SAP logo at SAP headquarters in Walldorf, Germany, January 24, 2017. REUTERS/Ralph Orlowski
July 21, 2021
BERLIN (Reuters) – German business software group SAP raised its outlook for the second time this year as a strategic push to help customers shift their IT operations to the cloud gained traction in the second quarter.
SAP now expects cloud revenue to grow by 15%-18% in the year as a whole, helping its overall cloud and software revenue to gain by 2%-3%. Operating profit is now expected to be unchanged to down 4% for the year.
“We’re seeing strong adoption of our cloud portfolio as customers select SAP for their business transformation. Our strategy is working,” CEO Christian Klein said on Wednesday.
($1 = 0.8495 euros)
(Reporting by Douglas Busvine; Editing by Riham Alkousaa)
Source: One America News Network
